OCI Rules, Budget Cuts Shake Up Defense Industry

Law360, New York (October 1, 2010, 11:19 AM EDT) -- Between organizational conflicts of interest and a major budget overhaul at the U.S. Department of Defense, the dust from mergers and acquisitions activity among defense contractors isn't expected to settle for years, according to experts.

Almost a year after Northrop Grumman Corp. announced the sale of its TASC Inc. consulting unit to private equity investors for $1.65 billion, OCIs are continuing to drive divestitures as contractors try to anticipate the effects of a pending DOD rule governing the perceived conflicts.

At the same time, a realignment...
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